Will China Shenhua Buy CGN Power?

By

Shuli Ren

July 21, 2016 9:58 p.m. ET

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By

Shuli Ren

July 21, 2016 9:58 p.m. ET

China nuclear power operator CGN Power (1816.Hong Kong) spiked up 8.6% in yesterday's late-afternoon trading after Bloomberg reported that coal producer Shenhua Group is seeking to acquire CGN Power to form a $204 billion giant.

Neither Shenhua nor CGN Power has made any comments since the Bloomberg report.